ZIM reaches settlement with shareholder group ahead of annual meeting

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced it reached an agreement with a shareholder group led by Mor Gemel Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd. regarding the composition of the company's board of directors ahead of its annual meeting scheduled for December 26, 2025.

Under the agreement, the shareholder group withdrew its proxy contest, and ZIM's board approved a unified slate of ten director nominees for the annual meeting. The slate includes all incumbent directors plus Ron Hadassi and Ran Gritzerstein, who will be recommended by the board for election.

Dr. Keren Bar-Hava withdrew her candidacy for director and was appointed as a board observer. The shareholder group also withdrew its previously issued position statement.

The shareholder group, which includes Israeli institutional and retail shareholders, expressed confidence in ZIM's board and support for its ongoing strategic review. The group endorsed all ten director nominees recommended by the board.

"This agreement reflects strong alignment between the Board and shareholders at a pivotal moment for the Company," said Yair Seroussi, chairman of ZIM's board. "With broad support for the full slate of directors, the Board can remain fully focused on completing its strategic review and maximizing value for all ZIM shareholders."

ZIM's board unanimously recommends shareholders vote for all ten director nominees. The company will file an updated notice for the annual meeting reflecting the full slate of nominees.

Founded in Israel in 1945, ZIM operates as a global container liner shipping company with operations in more than 90 countries, serving approximately 33,000 customers across over 300 ports worldwide.

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